Future UKCS development depends on majors, infrastructure

Click here to enlarge imageDespite the maturation of the UK Continental Shelf (UKCS), there remain substantial reserve volumes yet to be developed, according to Wood Mackenzie Consultants Ltd., Edinburgh. The analyst pegs these undeveloped reserves at 7.2 billion boe, excluding analysis of the export routes in the southern gas basin (SGB).However, certain fields holding these reserves are not likely to be commercially viable in the medium term, the analyst says. This is due to the fields' location relative to existing infrastructure or their technical complexity, or both."Indeed, some discoveries, such as gas finds to the west of Shetlands, are currently considered to be 'strand...

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